Multibagger EV-Stock at Rs 80.57 with 3,700 Per Cent Returns: Company’s Subsidiary Steals the Spotlight at Sri Lanka EV Auto Show 2024 with its Electric Bikes
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 39.13 per share and a whopping 3,700 per cent in 5 years.
In a significant turn of events for Sri Lanka's shift towards eco-friendly transportation, Revolt Motors, the leading electric motorcycle manufacturer in India, made a remarkable impression at the country's first-ever Electric Vehicle Motor Show (EVMS) held on June 28, 2024, to June 30, 2024. The event, held at the Bandaranaike Memorial International Conference Hall (BMICH), witnessed Revolt Motors showcasing its cutting-edge electric motorcycles alongside other international participants. These bikes, boasting a futuristic design, became a symbol of the future of sustainable mobility solutions. The massive turnout of nearly 25,000 attendees underlined the growing public interest in electric vehicles, particularly among young people.
The Revolt Motors booth was a hub of activity throughout the show. A staggering 95 per cent of visitors were young enthusiasts drawn to the stylish design and impressive performance of the electric motorcycles. The unique design elements like the mono-shock suspension and the golden upside-down forks particularly grabbed attention. Furthermore, the price range resonated well with many potential customers, highlighting the affordability and value proposition offered by Revolt's electric bikes. By offering test rides on the RV400 model, Revolt Motors not only allowed visitors to experience superior performance firsthand but also solidified their commitment to innovation and customer satisfaction.
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About the Company
Rattan India Enterprises Ltd, the flagship company of Rattan India Group, focuses on tech-driven new-age businesses across e-commerce, electric vehicles, fintech, and drones. Their e-commerce arm, Cocoblu, is an online retail platform partnered with various brands and leverages Amazon fulfilment centres. They also have Neobrands, a B2B online fashion apparel business with its own D2C brands. In electric vehicles, they acquired Revolt, achieving 100% localization and expanding their store network. Their fintech subsidiary, Neotec, operates the digital lending platform 'Wefin' offering personal loans, vehicle loans and credit cards. Additionally, Neosky, their drone subsidiary, provides drones as products and services, with a pilot training program and new cargo and surveillance drone models.
Today, shares of RattanIndia Enterprises Ltd surged 0.18 per cent to Rs 79.40 per share from its previous closing of Rs 79.26. The stock’s 52-week high is Rs 94.85 and its 52-week low is Rs 39.13. The stock has an ROE of 76 per cent and an ROCE of 36 per cent.
The company has a market cap of over Rs 10,000 crore with a 5-year CAGR of 110 per cent. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 39.13 per share and a whopping 3,700 per cent in 5 years. Investors should keep an eye on this Small-Cap company.
Disclaimer: The article is for informational purposes only and not investment advice.
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